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About Ann Arbor's Chelsea

March average sold price down in Chelsea MI real estate market by www.KathyToth.com

Kathy Toth Ann Arbor Realtor Ann Arbor Real Estate: Real Estate Agent in Ann Arbor, MI
  • The Chelsea Real Estate market has 164 homes for sale ranging in price from $1,125,000 to $40,000.
  • According to the Ann Arbor Board of REALTORS® Chelsea prices declined from $240,863 in 08 to $139,750 in 09.
  • The highest list price was $489,000 and sold price of $460,000 with corresponding 13 days on market.
  • We sold short sale 611 Creekside for $150,000.
  • The 7 homes sold in March and all sold data for 2009 is reported below:

Real Estate Sold in Chelsea MI Update

The 2 year trend line below indicates sales prices are declining. There is downward pressure from the attractive prices of foreclosures and short sales. According to National Association of Realtors 45 percent of solds are distressed sales. Based on the amount of local inventory that is being put on the market which happens seasonally, there is an abundance of competing homes. Once the gap between the supply and demand narrows, the market will be more stable.

Chelsea Real Estate Trends and Median Prices

There is currently 16 months supply of homes in the Chelsea real estate market in the table below. This means that if no more homes are put on the market it would take over one year for these homes to be sold. A market with more than 6 months supply is called a buyer’s market.

Ann Arbor Real Estate Absorption Rates

To discuss market particulars about your subdivision or neighborhood, please contact the Chelsea real estate experts 734-669-0337 or search on our site www.KathyToth.com.

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Kathy Toth and Team
www.KathyToth.com
Keller Williams Realty

White Oak Inn Chelsea, MI Home Away from Home

Kathy Toth Ann Arbor Realtor Ann Arbor Real Estate: Real Estate Agent in Ann Arbor, MI
The White Oak Inn is located at Chelsea Community Hospital and serves as a home-away-from-home while you or a family member is in the hospital. Ten guest rooms are equipped with two twin beds, a queen-sized bed or a single bed with trundle, a private bath, cable TV, and a telephone with voice mail. We explore the inside including the kitchen in the Chelsea Oak Inn video. Drug store, grocery and hospital are within walking distance. Chelsea Community Hospital's Health & Wellness Center is a 46,000 square foot facility, which features fitness instruction, classes and equipment, including a lap pool, workout equipment, and cardiovascular classes and equipment. Guest passes for the Wellness Center are available to guests. For reservations call (734) 475-4181. No smoking and pets.



I was there for a nutritional cooking class held in the main media room. The person touring us through this facility is Sarah with community and senior health. Chelsea Community hospital is well known for community involvement. They have been purchased by parent Trinity Health organization and will merge with St Joseph Mercy Health System in 2009. I feel that this is a very inviting private setting, perfect for being close to the hospital and sick loved ones.



For more information on the Chelsea schools and wonderful Chelsea Community take a look. We are here to share our Ann Arbor real estate resources, Chelsea city information and welcome you to our area or help find your Ann Arbor area dream home.

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Kathy Toth and Team
www.KathyToth.com
Keller Williams Real Estate